ES Falling from resistance line

• ES Falling from resistance line which was discussed in an earlier post.
• Price moving towards 50 Period SMA of four hour chart. If this level does not hold bears will extend gains.
• One hour chart also shows possible support near 38.2% Fib level. Breaking below this level will take ES towards 200 Hour SMA or 50% Fibonacci level.
• S&P 500 ANALYSIS AFTER CLOSING BELL